William D. Pearce Sells 3,700 Shares of Ooma, Inc. (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) Director William D. Pearce sold 3,700 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $15.54, for a total transaction of $57,498.00. Following the completion of the sale, the director now owns 163,353 shares in the company, valued at $2,538,505.62. This represents a 2.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ooma Stock Down 3.4 %

Shares of NYSE OOMA opened at $14.63 on Friday. Ooma, Inc. has a 1 year low of $6.50 and a 1 year high of $17.00. The firm’s 50 day moving average price is $13.30 and its 200 day moving average price is $10.93. The firm has a market cap of $395.01 million, a P/E ratio of -39.54 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.83 and a current ratio of 1.08.

Institutional Trading of Ooma

Hedge funds have recently bought and sold shares of the company. Virtus Investment Advisers Inc. acquired a new stake in Ooma during the third quarter worth approximately $98,000. Bailard Inc. purchased a new position in Ooma during the second quarter worth approximately $108,000. SG Americas Securities LLC purchased a new position in shares of Ooma in the 3rd quarter valued at $115,000. Cubist Systematic Strategies LLC purchased a new position in shares of Ooma in the 2nd quarter valued at $119,000. Finally, Paloma Partners Management Co purchased a new position in shares of Ooma in the 3rd quarter valued at $126,000. Institutional investors and hedge funds own 80.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on OOMA. JMP Securities reiterated a “market perform” rating on shares of Ooma in a research report on Wednesday, August 28th. B. Riley increased their price target on shares of Ooma from $14.50 to $15.50 and gave the company a “buy” rating in a research report on Monday, November 25th. StockNews.com upgraded shares of Ooma from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Benchmark increased their price target on shares of Ooma from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Lake Street Capital increased their price target on shares of Ooma from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $16.60.

About Ooma

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.